S&P Global excludes Bitcoin, XRP from crypto index over revenue criteria
S&P Global excludes Bitcoin and XRP from its crypto index due to revenue criteria.
Semiconductor stocks led a second day of gains on AI optimism, while the yen slid past 163 per dollar for the first time since 1986.
Wall Street futures barely moved as investors waited for earnings from Tesla, Alphabet and other major companies. Asian markets were mixed, with South Korea’s Kospi jumping more than 5% while Hong Kong slipped. US stocks ended a three-day losing streak as strong results from 3M and General Motors lifted confidence and chip shares rallied.
July 22, 2026, 2:41 amHut 8 stock is up 202% in 2026 on AI hyperscaler deals, but its bitcoin mining spinoff keeps losing value.
July 22, 2026, 2:14 amS&P Global excludes Bitcoin and XRP from its crypto index due to revenue criteria.
The UK Bitcoin treasury company raised $218 million less than a year ago.
Satsuma Technology shareholders voted overwhelmingly to liquidate the London-listed company, sell its remaining 668 bitcoin and return capital to investors after a treasury strategy unraveled under falling asset values, a collapsed share price, and mounting pressure from backers.
BTC has rebounded 15% from the July lows, but some analysts cautioned that the next move hinges on clearing a level where many recent buyers may look to sell.
Smart money accumulation suggests the bigger trend could still favor the bulls.
Jack Mallers steps down from Twenty One as his questions on Saylor's mNAV and digital credit yields resurface.
More than 380 investors supplied the funds, while court approval, penalties and any recovery remain unresolved.
Galaxy has launched the Bitcoin Quantum Readiness Initiative, including committing up to $5 million in developer grants.
Coinbase now supports Bitcoin futures trading with cross margin and nano contracts, enabling retail traders to execute basis trades with…